ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) Sets New 1-Year High – Here’s Why

ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) reached a new 52-week high during trading on Friday . The stock traded as high as $60.50 and last traded at $60.50, with a volume of 1366 shares trading hands. The stock had previously closed at $60.15.

ALPS Sector Dividend Dogs ETF Stock Performance

The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 13.83 and a beta of 0.76. The business has a 50-day simple moving average of $58.96 and a two-hundred day simple moving average of $56.24.

Institutional Investors Weigh In On ALPS Sector Dividend Dogs ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sweeney & Michel LLC bought a new position in ALPS Sector Dividend Dogs ETF in the first quarter valued at approximately $406,000. Cetera Investment Advisers increased its holdings in ALPS Sector Dividend Dogs ETF by 152.9% during the first quarter. Cetera Investment Advisers now owns 47,505 shares of the company’s stock worth $2,563,000 after buying an additional 28,720 shares during the last quarter. Cetera Advisors LLC raised its position in ALPS Sector Dividend Dogs ETF by 45.3% during the first quarter. Cetera Advisors LLC now owns 22,772 shares of the company’s stock worth $1,229,000 after acquiring an additional 7,098 shares in the last quarter. Bright Futures Wealth Management LLC. bought a new stake in ALPS Sector Dividend Dogs ETF during the first quarter worth $433,000. Finally, Diversify Advisory Services LLC acquired a new stake in ALPS Sector Dividend Dogs ETF in the second quarter valued at $278,000.

About ALPS Sector Dividend Dogs ETF

The ALPS Sector Dividend Dogs ETF (SDOG) is an exchange-traded fund that is based on the S-Network Sector Dividend Dogs index. The fund tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. SDOG was launched on Jun 29, 2012 and is managed by ALPS.